CFA received strong interest in ABC|Thomas Sales from both strategic and financial buyers, but the owners ultimately decided a strategic fit was in the best interests of the company. "In the current economic climate, working through the intricacies of an M&A transaction can prove challenging. Both parties to this transaction brought with them a positive attitude and patience which resulted in a smooth closing " said Gerald Lindsay, Managing Director of CFA Memphis.
Commenting on the transaction, Peter Heydenrych, CFA Chairman said, "Having an experienced M&A advisor working on your behalf can make the difference between a stalled transaction and one that flows through the deal process smoothly. Gerald Lindsay and his veteran team were instrumental in guiding the parties through the transaction".
On October 26, 2010, Supply Chain Solutions, LLC acquired ABC Logistics and Thomas Sales and Service in a private transaction. The terms were not disclosed. Financial representation was provided by Gerald W. Lindsay of Corporate Finance Associates.
About Corporate Finance Associates
Corporate Finance Associates is a major investment banking services firm, with over 30 offices across North America providing middle-market companies with a wide range of financial advisory services and access to capital resources. From project inception to completion a senior principal guides clients through every challenge, advocates on their behalf, and leverages CFA’s experience and extensive resources. More information is available on buying or selling a business via the Internet at www.corporatefinanceassociates.com. CONTACT INFORMATION
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